Degen Toonz NFT collection is one of 2022’s most successful NFT projects. This collection sold out less than a week after its debut. As a result of the buzz, Degen Toonz currently ranks 7th on OpenSea’s resilience and secondary sales volume rankings.
The hugely popular picture for proof (PFP) series has seen exceptional crossover popularity, attracting users from both Ethereum and ADA. In addition, the NFT collection has gained the support of Morgan David, the CEO of Pavia Corp, as well as a number of celebrities and NFT veterans.
The collection’s robust holder community on Discord has surpassed 19,000 members, with unique decentralised autonomous organisation (DAO) and metaverse memberships that stimulate dynamic collaboration.
About Degen Toonz
Degen Toonz is an Ethereum-based collection of 8,888 NFTs founded by Bader Asad and Prince Lail. The collection is shaped like bunnies with hypnotic motifs.
This NFT collection is a one-of-a-kind blend of nostalgic childhood joy and savvy business acumen. The vast popularity of the Loony Toons-style characters is supported by excellent prizes for holders and a masterfully designed, organic community.
The PFP NFTs have an undeniable nostalgic appeal, with cartoon-like cats with a lot of personality, style, and artistic flair. NFT ETH degens and some ADA investors flocked to OpenSea in droves, resulting in over 3,600 transactions.
The project gained traction quickly, selling out in less than a week. Secondary sales on OpenSea have demonstrated incredible durability and volume, with a peak floor price of 1.2 ETH, indicating that the organic climb hasn’t ceased.
Sales have continued to come in by the minute. Morgan David, the CEO of Pavia Corp, tweeted of his magnificent fleet of Toonz on February 25th. A 1/1 “Gold Paws” is included in his fleet in reference to world-renowned artist Kaws. Morgan’s other blue-chip NFTs were added to the Gold Paws, which sold for a staggering 25 ETH.
How Many Are Available for Purchase
The Degen Toonz NFT is an Ethereum-based collection of 8,888 NFTs. However, the developers plan to release a new collection to continue developing the Toonz Metaverse. According to the Toonz website, all 8,888 NFTs have been sold out. However, you can still make purchases on OpenSea.
Presale on NFTs for each Transaction/Wallet for the upcoming collection is restricted to 3 Toonz, and public sale transactions are limited to three pieces. The maximum amount of Toonz per wallet is ten. This is to ensure an equal opportunity for everyone to mint while reducing bot intervention. Furthermore, you can resell on the OpenSea platform whenever you want.
Perks of Owning a Degen Toonz
This collection includes Metaverse’s exclusive club/community admission. Every Degen Toonz NFT serves as a ticket to the Toonz Metaverse and also grants holders a variety of privileges, including voting power in their DAO and access to exclusive merchandise and events.
The Degen Toonz NFTs serve as a ticket to an exciting Metaverse that aspires to become a play-to-earn game in the future. As part of the plan, this community, powered by Degen Toonz collectors, will be subjected to a plethora of rewards, with much in store for social causes, physical events and gatherings, and even their illustrious DAO.
Minting rewards include free T-shirts to wallets that mint on launch day, 1/1 token rewards up to $50K in ETH, a special role in discord, and Mint & Hodl Airdrop. Also, long-term ownership of the Degen Toonz NFT offers the bearer voting rights within the DAO, Metaverse access, and more.
Degen Toonz’s approach to community building distinguishes the collection. Every holder is given a unique role in the project’s Discord channel and has access to monthly ETH tokens and NFT prizes.
Where to Buy Degen Toonz
As previously stated, the Degen Toonz NFT sold out at mint and is now only available on secondary markets like Opensea.
Follow these steps to buy a Degen Toonz NFT from OpenSea:
- Connect Your Wallet
To buy a Degen Toonz on OpenSea, first off link a browser-based cryptocurrency wallet. The most well-known wallet for this purpose is MetaMask. - Fund Your Wallet with Cryptocurrency
Investors can purchase or sell the majority of NFTs on OpenSea using Ether, the Ethereum network’s native token. Therefore, ensure you have enough ETH in your Metamask wallet to purchase the NFT and cover other expenses, such as the gas fee. - Find the NFT on OpenSea
Type in ‘Degen Toonz’ in the search bar or use this link. - Buy Your Degen Toonz NFT
Tap the “Buy Now” button after selecting your preferred Degen Toonz NFT. OpenSea will then display the total cost of the purchase, including fees, on the order page. Make the needed payment and you will receive your new Degen Toonz NFT in your Metamask wallet within minutes.
Conclusion: What’s the Next Step
The Degen Toonz NFT initiative manages revenue distribution for relevant charities, consistent incentives, community regulation, and overall brand growth. With such big future goals as creating the Metaverse and the game, the project is significant for the NFT space’s future.
The next step, Toon Town or their official Metaverse, which will occur much later in 2022, will be the next step. After the community chooses a platform through voting, the Toonz team will construct the metaverse on the chosen platform. The community will hold meetups in the Metaverse after its development.
Lail and Asad’s ultimate goal is to “grow this project into something that will be around for decades”. Their culture, community, and collaboration ideals guide this goal. Therefore, we do not doubt that Degen Toonz is here to stay, with extraordinary crossover success, a flourishing community, outstanding market performance, and a premium place in the emerging Web 3 world.
